Brighton Jones LLC Reduces Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Brighton Jones LLC lessened its position in The Greenbrier Companies, Inc. (NYSE:GBX) by 20.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,280 shares of the transportation company’s stock after selling 4,209 shares during the quarter. Brighton Jones LLC owned 0.05% of Greenbrier Companies worth $807,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GBX. Hexagon Capital Partners LLC purchased a new position in shares of Greenbrier Companies during the first quarter valued at approximately $26,000. Meeder Asset Management Inc. purchased a new position in Greenbrier Companies during the 2nd quarter valued at $67,000. Tradewinds Capital Management LLC bought a new position in Greenbrier Companies in the 1st quarter valued at $78,000. Innealta Capital LLC purchased a new stake in Greenbrier Companies in the second quarter worth $82,000. Finally, Russell Investments Group Ltd. increased its stake in Greenbrier Companies by 404.0% in the fourth quarter. Russell Investments Group Ltd. now owns 2,253 shares of the transportation company’s stock worth $100,000 after purchasing an additional 1,806 shares during the period. 95.59% of the stock is currently owned by institutional investors.

Greenbrier Companies Price Performance

GBX opened at $51.22 on Friday. The company has a current ratio of 1.73, a quick ratio of 0.85 and a debt-to-equity ratio of 0.98. The business’s fifty day simple moving average is $47.56 and its 200-day simple moving average is $49.80. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 0.55 and a beta of 1.53. The Greenbrier Companies, Inc. has a 12-month low of $32.00 and a 12-month high of $58.00.

Greenbrier Companies (NYSE:GBX) last issued its earnings results on Monday, July 8th. The transportation company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.02). Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. The business had revenue of $820.20 million for the quarter, compared to the consensus estimate of $928.73 million. During the same quarter in the previous year, the company earned $1.02 earnings per share. The firm’s revenue was down 21.0% on a year-over-year basis. On average, equities research analysts anticipate that The Greenbrier Companies, Inc. will post 4.35 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, July 23rd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Tuesday, July 23rd. Greenbrier Companies’s dividend payout ratio (DPR) is 31.41%.

Insiders Place Their Bets

In other news, SVP Laurie R. Dornan sold 5,935 shares of Greenbrier Companies stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $50.92, for a total value of $302,210.20. Following the transaction, the senior vice president now directly owns 23,226 shares in the company, valued at approximately $1,182,667.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $57.50.

Greenbrier Companies Profile

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Maintenance Services; and Leasing & Management Services. The Manufacturing segment offers covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars.